Global Critical Care Equipment Market to Receive Overwhelming Hike in Revenues with Growth of 9.2% to Explore New Market Opportunities and trends Forecast by 2024

Global Critical Care Equipment Market
In this Report Critical Care Equipment Market and industry investigation, measure, diagram, development, standpoint, ace highlights, top players, contenders examination and application its assistance to develop your business at global level.

Global Critical Care Equipment Market accounted to USD 3.45 billion by 2021 growing at a CAGR of 9.2% during the forecast period of 2017 to 2024. 

The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. 

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Global Critical Care Equipment Market Key Drivers:

  • Some of the major factors driving the market for factors such as rise in the ageing population and an increase in rate of chronic diseases, advanced development in multi-parameter monitors, increase in number of health care facilities across the globe are driving the growth of market.
  • High cost of equipment and usage of refurbished patient monitors may hinder the growth of the market. 

Top Key Players:

  • Edwards Lifesciences Corporation
  • Integra LifeSciences Corporation
  • General Electric
  • Koninklijke Philips N.V..
  • Medtronic
  • CSL Limited
  • Grifols International
  • S.A.
  • Kedrion Biopharma Inc.
  • Octapharma
  • Shire
  • Abeona Therapeutics
  • ADMA Biologics,Inc.
  • Albumedix Ltd.
  • Armetheon, Inc.
  • AsklepiosBioPharmaceutical, Inc.
  • Aspen Holdings
  • Baxter
  • BayerAG
  • Bio Products Laboratory Ltd.
  • BioDelivery Sciences International, Inc.
  • Biogen
  • BioMarin
  • Biotest Pharmaceuticals Corporation
  • Bristol-Myers Squibb Company
  • Catalyst Biosciences
  • China Biologic Products Holdings, Inc.
  • Cosmo Pharmaceuticals
  • Kamada
  • King Pharma
  • Medxbio Pte Ltd.
  • Merck & Co., Inc

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FACTORS DRIVING GROWTH IN THE GLOBAL CRITICAL CARE EQUIPMENT MARKET 

  • Increase in rate of chronic diseases: 

According to the World Health Organization, an estimated 100million individuals worldwide have some degree of obstructed sleep apnea(OSA). According to American sleep apnea association report, OSA affects 1 in 4 men and 1 in 9 women in the United States—accounting for an estimated 22 million individuals. In May 2012 National heart, lung and blood Institute found that OSA is linked with high cancer death risk. It also suggests that OSA may be link to higher risk of major depression. It was also found that 50.0% of the silent stroke patients were suffering from OSA.

According to world health organizationaround 235 million people suffered from asthma. Asthma was responsible for around 225,000 deaths and 430,000 fatal cases are expected by 2030.

As fatal asthma and obstructive sleep apnea cases are increasing day by day and as they come under chronic diseases.The need of monitoring using critical care equipment is expected for a wide growth.  

  • Rise in the ageing population: 

With the rising population there is rise in age-related diseases such as heart disease, cancer, diabetes, stroke and chronic lower respiratory diseases. Coronary heart disease is estimated to increase by almost 26.0% from 981,000 in 2010 to 1,234,000 in 2040. 

According to world health organization around 17.7 million died from cardiovascular disease in 2015 representing 31.0% of global deaths. 

The world’s older population is growing at the faster rate. Today 617 million people that is 8.5% of worldwide are age of 65 and above and this % is expected to reach to 17.0% by 2050. As the ageing population rises there will also be the rise in various chronic diseases. And with the increasing chronic diseases there will be increase in demand for critical care equipment. 

Global Critical Care Equipment Market, By Product (Ventilators {Adult Ventilators and Infant/Neonatal Ventilators}, Patient Monitors , Infusion Pumps , Syringe Pumps ), By Monitoring Method (Brain function monitoring, Vital signs monitoring, Neurologic monitoring, Hemodynamic monitoring), By Applications (Deep vein thrombosis, Pulmonary embolism, Acute coronary syndrome, Atrial fibrillation, Hemodialysis, Coronary angioplasty, Surgeries), By End User (Hospitals, Clinics, Ambulatory Centers, Homecare settings), By Region (North America, Europe, Asia Pacific, Middle East & Africa, Latin America.) – Industry Trends and Forecast to 2024 

Key Questions Answered in Global Critical Care Equipment Market Report:- 

Our Report offers:- 

•             What will the market growth rate, Overview and Analysis by Type of Global Critical Care Equipment Market in 2024? 

•             What are the key factors driving, Analysis by Applications and Countries Global Critical Care Equipment Market? 

•             What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Critical Care Equipment Market? 

•             Who are Opportunities, Risk and Driving Force of Global Critical Care Equipment Market? 

•             Who are the opportunities and threats faced by the vendors in Global Critical Care Equipment Market? Business Overview by Type, Applications, Gross Margin and Market Share 

•             What are the Global Critical Care Equipment Market opportunities, market risk and market overview of the Market? 

Complete report on Global Critical Care Equipment Market Research Report 2017-2024 spread across 350 Pages, profiling Top companies and supports with tables and figures

 

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Market Segmentations:

Global Critical Care Equipment Market is segmented on the Basis of

  • Product Type
  • Type of monitoring
  • Type of Patient
  • Application
  • End User
  • Distribution Channel
  • Geography.

Market Segmentations in Details:

On the basis of Product Type, the Global critical care equipment market is segmented into patient monitors, sleep apnea devices.

On the basis of Type of Monitoring, the Global critical care equipment market is segmented into hemodynamic monitoring, vital signs monitoring, neurologic monitoring and brain function monitoring.

On the basis of Patient, the Global critical care equipment market is segmented into adult, geriatric and pediatric and neonates.

On the basis of Application, the Global critical care equipment market is segmented into surgeries, coronary angioplasty, atrial fibrillation, acute coronary syndrome, pulmonary embolism, deep vein thrombosis and hemodialysis.

On the basis of End-User, the Global critical care equipment market is segmented into hospitals, ambulatory surgical centres, clinics, homecare settings, trauma centre and others.

On the basis of Distribution Channel, the Global critical care equipment market is segmented into direct tenders and distributor & retails.

On the basis of geography

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

Key Points: Global Critical Care Equipment Market

  • The global patient monitors market is expected to reach USD 4,184.0 million by 2024, from USD 2,191.4 million in 2016, growing at the highest CAGR of 8.5%.
  • The global hemodynamic monitoring market is expected to reach USD 5,476.3 million by 2024, from USD 2,918.7 million in 2016, growing at a CAGR of 8.3%.

Key Factors: Global Critical Care Equipment Market

The major factors driving the growth of this market are rise in the ageing population and an increase in rate of chronic diseases, advanced development in multi-parameter monitors, increase in number of health care facilities across the globe. On the other hand, high cost of equipment and usage of refurbished patient monitors hinders the market growth.

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